Crossover World INC EIN 46-0742284 Form 990 (PDF) Claim this org

Crossover World INC FY2022 filing

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Trains children worldwide in faith, leadership, and life skills. For fiscal year 2022 it reported $75K in revenue, $72K in expenses, and $68K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Springfield, VA
Website
[email protected]
Filings
5 on file (2020–2022)
Revenue
$75KFY2022
Expenses
$72K
Net assets
$68K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-0742284 Public charity (501(c)(3)) Springfield, VA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Trains children worldwide in faith, leadership, and life skills.
Leadership
Fred Taretecan · Board Member
Money in and out
$75K revenue, $72K expenses
Bottom line
100% program efficiency
Where the money goes · FY2022
Total revenue
$75K
Pt VIII · Ln 12
Total expenses
$72K
Pt IX · Ln 25
Net assets
$68K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
11.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$75K
FY2022▼ -24%
Expenses
$72K
FY2022▼ -12%
Total assets
$68K
FY2022▼ -2%
Total liabilities
$0
FY2022
Total revenue
$75K
Pt VIII · Ln 12
Total expenses
$72K
Pt IX · Ln 25
Net assets
$68K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3K
Total assetsPt X · Ln 16$68K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $72K of program spending, described in the organization's own filed words · FY2022.
01

Provided school supplies, bags, basketballs, food to thousands of poor kids and families in the PHILIPPINES.TRAINING church leaders to reach the 4-14 window effectievly through sports.

$72Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCrossover World INC
EINHdr · item D46-0742284
Principal addressHdr · item CSpringfield, VA
WebsiteHdr · item J[email protected]
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFAug 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$75K
Total revenueLn 12$75K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$72K
Total functional expensesLn 25$72K

Balance Sheet

Part X · end of year
CashLn 1$68K
Total assetsLn 16$68K
Total liabilitiesLn 26$0
Total net assetsLn 32$68K
Months of cash on handcomputed11.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $68K · Operating expenses/yr $72K
11.3 months
Where the money goes
Program services
Program services $72K · Total expenses $72K
100%
Management & General
Management & general $0 · Total expenses $72K
0%
Fundraising
Fundraising $0 · Total expenses $72K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $81K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $75K · Total revenue $75K
100%
Government reliance
Government grants — · Total revenue $75K
Earned-income share
Program service revenue $0 · Total revenue $75K
0%
Investment reliance
Investment income $0 · Total revenue $75K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $72K
0%
Growth & trend
Revenue growth (YoY)
This year $75K · Prior year $99K
-24%
Net-asset trend (YoY)
End of year $68K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $75K · Expenses $72K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $68K
Net-asset ratio
Net assets $68K · Total assets $68K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $68K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Fred Taretecan · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $72K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $54K · Total expenses $72K
75%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -24%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$47

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$107K revenue · ⤓ 990 PDF
FY2023$103K revenue · ⤓ 990 PDF
FY2022$75K revenue · viewing · ⤓ 990 PDF
FY2021$99K revenue · ⤓ 990 PDF
FY2020$68K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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